Increasing vehicle production, continuous upgrades in emission regulation, and upcoming emission-related regulatory compliances in developing countries is expected to drive the global Exhaust system market over the forecast period
The Exhaust system market size by value will grow and reach USD 84.8 billion in 2019 at a CAGR of 6.08% between 2016 and 2021. Intentional attempts have been made by exhaust device suppliers to amplify their market position. However, exhaust device suppliers were still looking forward to establishing solid foundations in the off-road sector in order to tap new clients. Superior monitoring capabilities related to leakage, temperature accuracy, and other critical criteria have been implemented by a few prominent companies in the exhaust systems industry. This not only encourages exhaust device producers to improve their market boundaries, but also enables them to take advantage of new opportunities.
ALPLA-Werke Alwin Lehner GmbH & Co KG, Amcor Limited, DS Smith Plc, Berry Plastics Corporation, Klöckner Pentaplast, Plastipak Holdings, Inc., Reynolds Group Holdings, RPC Group Plc, Silgan Holdings, Inc. and Sonoco Products Business are the major industry players profiled in the Exhaust System Market Study.
Key tactics such as industry growth and product creation have been introduced by the main players operating in the global exhaust system sector in order to improve their market presence and maintain stiff competition in the market.
Spectacular advances in exhaust systems have been caused by strict laws on pollution control. There has been a dramatic move into the strong incorporation of exhaust systems with selective catalytic reduction (SCR) technology, which aims to revive fuel efficiency by regulating NOx emissions. This technology has also been implemented into passenger car exhaust systems by automotive giants such as Mercedes-Benz, BMW, and Volkswagen. In addition, SCR technology, combined with the introduction of Euro VI and BS VI standards, is increasingly picking up momentum in commercial vehicles. Such a shift in paradigm seems to bode well for the exhaust system producers and makes them tap on to participate.
The research also analyses the various facets of the global exhaust device sector in its study of the consumer supply chain. In addition, the research analysis uses many productivity elements for industry limitations, important sector dynamics and opportunities. The study further advocates a detailed industry evaluation for profiling businesses and local and global vendor competition. There is heavy rivalry between the already established and new businesses in the exhaust device industry. Furthermore, through the creation of mergers and acquisitions, partnerships, liner players explore potential ways to compete with other players on the market
In developing countries, including Germany and France, growing spending on utilities is projected to have a negative effect on demand. In view of regulatory support to encourage domestic investment, the positive outlook for the manufacturing sectors of China and India is projected to play a crucial role in advancing market growth for the smart exhaust system.
Key Segments of the Global Exhaust system Market
After-treatment device Overview, 2018-2028 (USD Billion) (Tons)
Vehicle type Overview, 2018-2028 (USD Billion) (Tons)
- Passenger type
- Construction equipment
- Agriculture tractor
Regional Overview, 2018-2028 (USD Billion) (Tons)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America